had great growth. we looked at the issue. we have bob on our plan. the reason we have that is because we recognize this argument republicans have made, which is that raising the rates will hurt the economy has not been proven true by the facts. >> to try to put this into perspective here, i want to say, i think the story goes back 30 years. i think there's a key pivot point here. i want to play a clip from 1988. that will kind of be a good basis here. let's play that first. >> congress will push me to raise taxes and i'll say no. they will push and i'll say no. they will push again to them and i'll say, read my lips, no new taxes. >> okay. efbd remembers george bush senior saying read my lips, no new taxes. two years later, hold over deficits from the reagans. he decided to cut a deal to raise taxes and go after the deficit. there was a revolt in the republican party. it was led by newt gingrich who said no, we are not going to raise rates. from that point forward, republicans have been terrified of being on the wrong side on this issue. in 1993, bill clinton raised the rate up to 39.